Featuring Dan Mitchell, Senior Fellow, Cato Institute; David Burton, Senior Fellow, Heritage Foundation; and Ike Brannon, Senior Fellow, George W. Bush Institute, and President, Capital Policy Analytics; moderated by John Maniscalco, Director of Congressional Affairs, Cato Institute.
The Smoot-Hawley Tariff Act was a grave error for U.S. trade policy. As the United States slid into depression, the act represented a desperation move by Congress and President Hoover. Since then, presidents have regarded free trade as the rule rather than the exception. Economist Douglas A. irwin discusses the Smoot-Hawley Act and its legacy.
Video produced by Caleb O. Brown and Austin Bragg.